Russel MetalsRUSMF +5.68%79 Graham Number is $31.52 as of Mar. 2026, which is 3084% above its 10-year median of 0.99. GuruFocus rates RUSMF with a GF Score™ of 79/100 and a GF Value™ of $35.17 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 114 Industrial Distribution companies, Russel Metals ranks worse than 64.91% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-08), the stock price of Russel Metals is $43.51. Russel Metals's graham number for the quarter that ended in Mar. 2026 was $31.52. Therefore, Russel Metals's Price to Graham Number ratio for today is 1.38.
The historical rank and industry rank for Russel Metals's Graham Number or its related term are showing as below:
RUSMF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.44 Med: 0.99 Max: 5.42
Current: 1.45
During the past 13 years, the highest Price to Graham Number ratio of Russel Metals was 5.42. The lowest was 0.44. And the median was 0.99.
RUSMF's Price-to-Graham-Number is ranked worse than 64.91% of 114
companies
in the Industrial Distribution industry
Industry Median: 0.95
vs RUSMF: 1.45
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Russel Metals (OTCPK:RUSMF) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Russel Metals's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
43.51
/
31.52
=
1.38
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Russel Metals Graham Number Related Terms
Russel Metals Graham Number Historical Data
* Premium members only.
The historical data trend for Russel Metals's Graham Number can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
RUSMF vs GWW, FAST, FERG: Graham Number Comparison
For the Industrial Distribution subindustry, Russel Metals's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Russel Metals Price-to-Graham-Number vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Russel Metals's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Russel Metals's Price-to-Graham-Number falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Russel Metals (RUSMF) has a Graham Number of $31.52 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Russel Metals and its competitors. This is 3084% above median its historical median of 0.99. Over the past decade, Russel Metals' Graham Number has ranged from 0.44 to 5.42. According to the industry distribution chart, Russel Metals ranks #74 out of 114 companies in the Industrial Distribution industry, placing it in the top 64.9%.
Is Russel Metals' Graham Number too high?
Russel Metals' current Graham Number of $31.52 is 3084% above median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 5.42. The Industrial Distribution industry median Graham Number is 0.95. Russel Metals' value of $31.52 is 3217.9% above this industry median. Based on the distribution chart, Russel Metals ranks #74 out of 114 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Russel Metals has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Russel Metals' Graham Number compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Russel Metals ranks #74 out of 114 companies for Graham Number. This places Russel Metals in the lower half of its industry. The industry median Graham Number is 0.95. Russel Metals' value of $31.52 is 3217.9% above this benchmark. Historically, Russel Metals' own Graham Number has ranged from 0.44 to 5.42 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.95, Russel Metals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for an Industrial Distribution company?
The median Graham Number among Industrial Distribution companies is 0.95, based on 114 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Russel Metals's current Graham Number of $31.52 is 3217.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Russel Metals and its competitors. For the Industrial Distribution industry, the median Graham Number is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Russel Metals's current Graham Number is $31.52, which is 3084% above median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Russel Metals stock overvalued right now?
Based on GuruFocus' analysis, Russel Metals (RUSMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $35.17, compared to a current price of $43.51 — trading 23.7% above its estimated fair value. The current Graham Number is $31.52, which is 3084% above median its 10-year median of 0.99 and 3217.9% above the Industrial Distribution industry median of 0.95. Russel Metals' overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Russel Metals (RUSMF), the current Graham Number is $31.52 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Russel Metals (RUSMF) Overvalued in 2026?
Based on GuruFocus' analysis, Russel Metals stock appears to be overvalued.
The current stock price of $43.51 is trading 23.7% above its estimated GF Value™ of $35.17.
GuruFocus considers Russel Metals to be Modestly Overvalued.
Key valuation signals for RUSMF:
Graham Number: $31.52 (3084% above median its 10-year median of 0.99)
GF Value™: $35.17 vs. price of $43.51 (23.7% above fair value)
Industry Position: 3217.9% above the Industrial Distribution median (#74 of 114)
No single metric tells the full story. See the RUSMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Russel Metals Inc is a Canada-based metal distribution company. The company conducts business in Canada and the U.S. in three operating and reportable segments: Metals Service Centers, Energy Field Stores, and Steel Distributors. The majority of its revenue is generated from the Metals Service Centers segment, which carries an extensive line of metal products in a wide range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum, and other non-ferrous specialty metals. It purchases these products mainly from North American steel producers, processes, packages, and sells them to end users in accordance with their specific needs. Geographically, the company generates maximum revenue from Canada.
79GF Score
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